Economics Thread

Once the debt death spiral begins, there are only two ways to contain it.

Significant inflation or severe austerity measures

The opportunity to delay the inevitable probably already passed when he escalated towards this path curing covid. But unfortunately the best chance we had in recent memory to reduce the deficit was hijacked by gimmickry

 
Only way out is through now - innovation is our only hope but as was said. We were headed down this path for quite some time now.
 
Bill should be shredded and restarted through the lens of only cutting spending

Let stuff expire, let grants go, etc….

Lfgo have some spine .

Dems are gonna say we all cut benefits no matter what reality is, might as well show them the way outta this mess
 
We would need GDP growth rates at 7%. The only time that’s happened was in 1984.

Not going to get that but growth will allow this to be drawn out for as long as possible until autonomous robots explode productivity. I have full belief that this is going to happen in the near future and everything we think about today will change drastically.

As with any bill there is lots of spending that I love and will help the country. Sucks how you have to buy votes to get things done.
 
The problem
Bill should be shredded and restarted through the lens of only cutting spending

Let stuff expire, let grants go, etc….

Lfgo have some spine .

Dems are gonna say we all cut benefits no matter what reality is, might as well show them the way outta this mess
it’s spineless republicans afraid of pissing off Trump who has been calling people grandstanders and calling for them to be primaried if they vote against the bill.
 
The problem

it’s spineless republicans afraid of pissing off Trump who has been calling people grandstanders and calling for them to be primaried if they vote against the bill.
I get it

It’s terrible behavior.

There are very few “selfless” people serving, I consider Massie one of them. He shouldn’t be vilified whatsoever - but it’s happened to his ilk throughout history.

I feel like if he and Trump got one on one they could move something together.
 
Not going to get that but growth will allow this to be drawn out for as long as possible until autonomous robots explode productivity. I have full belief that this is going to happen in the near future and everything we think about today will change drastically.

As with any bill there is lots of spending that I love and will help the country. Sucks how you have to buy votes to get things done.
Does the leader of the party who promised cuts and balanced budgets hold any responsibility?
 
Does the leader of the party who promised cuts and balanced budgets hold any responsibility?
We got a D spending bill with tax cuts the accelerate the problem.

And gimmickry like “to tax on tips” that’s going to be gamified like hell.
 
We got a D spending bill with tax cuts the accelerate the problem.

And gimmickry like “to tax on tips” that’s going to be gamified like hell.
There is also a new focus at treasury to monitor the effectiveness of spend that I think will result in less actual spend over the fiscal year. There will be no more rubber stamping of expense reports.
 
Buy gold and bitcoin for the future.


Stock will skyrocket too once the fed starts their printing.

The poor and middle class will suffer most
Capitalism will be blamed. Calls for more government help from both sides
 
Buy gold and bitcoin for the future.


Stock will skyrocket too once the fed starts their printing.

The poor and middle class will suffer most
Capitalism will be blamed. Calls for more government help from both sides
Should probably revisit the first few pages of that crypto thread where BL was laughing at some people losing capital on bitcoin, wonder how they are doing now that it’s hit all time highs ?
 
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